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23 April, 10:20

What is life insurance?

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  1. 23 April, 13:38
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    Life insurance or life assurance is a contract between an insurance policy holder and an insurer or assurer (insurance company). The insurance company agrees to pay the beneficiary a sum of money in exchange for a premium, upon the death of the insured person. The insured person may be the policy holder himself or a third person other than the beneficiary.
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